Commerz Real Acquires Murray Hill Office Building For $330M
SOLD
New York
See Similar DealsOffice4,000,000 SF
Sold 04/30/2018
SOLD
Commerz Real Acquires Murray Hill Office Building For $330M
222 E 41st St, New York, NY 10017, USA
See Similar DealsOffice4,000,000 SF
Sold 04/30/2018
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:4,000,000 SF
Transaction Type:Sale
The office building located at 222 East 41st Street in Murray Hill, Manhattan, has been sold in a closed transaction. The property, measuring 400,000 square feet, was purchased for a price of $330,000,000, resulting in a price per square foot of $850. The seller, Columbia Property Trust, completed the sale to Commerz Real, represented by Andreas Muschter.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $330,000,000
- Square Footage: 400,000 sf
- Price per Square Foot: $850
- Address: 222 East 41st Street, New York
- Market: Murray Hill, Manhattan
Commerz Real, represented by Andreas Muschter, acquired the office building from Columbia Property Trust in the closed property transaction. The deal involved significant investment in the prime location of Murray Hill, Manhattan.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
Is there something missing? Send suggestions